Governance is defined as …
- From Merriam-Webster: “…the way that a city, company, etc., is controlled by the people who run it”
- From Business Dictionary: “…Establishment of policies, and continuous monitoring of their proper implementation, by the members of the governing body of an organization. It includes the mechanisms required to balance the powers of the members (with the associated accountability), and their primary duty of enhancing the prosperity and viability of the organization.”